SUCCESSFUL COMPLETION OF PERNOD RICARD’S € 600 MILLION 10-YEAR BOND ISSUE05/10/2016
Paris, May 10, 2016
Amount: EUR 600 million
Final maturity: May 18, 2026
Settlement: May 17, 2016
Format: Fixed Rate Notes
Reoffer price: 99.871%
Margin over reference swap mid-rate: +100 basis points
ISIN Code: FR0013172939
Pernod Ricard, whose long-term senior debt is rated Baa3 by Moody’s and BBB- by Standard & Poor’s, today set the terms of its new bond issue denominated in Euro.
The transaction was well received by the market, enabling the Group to benefit from a 1.50% coupon being the lowest ever of any of the Group’s bond issuances.
The net proceeds of the issue will be used in particular to pay down bond debt, thus extending the maturity profile of the Group’s debt.
Placement was made across a range of qualified investors, principally in Germany and France.
An application has been made for the bonds to be admitted to trading on Euronext Paris.
BNP Paribas, Crédit Agricole CIB, Banco Bilbao Vizcaya Argentaria, S.A., CM-CIC Market Solutions, HSBC, Lloyds Bank, Rabobank, Société Générale Corporate & Investment Banking were the joint bookrunners of this bond issue.
About Pernod Ricard
Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8,682 million in 2015/16. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, Graffigna and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,500 people and operates through a decentralised organisation, with 6 “Brand Companies” and 85 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.
Contacts Pernod Ricard
Julia MASSIES / VP, Financial Communication & Investor Relations
Tel: +33 (0)1 41 00 41 07
Adam RAMJEAN / Investor Relations Manager
Tel: +33 (0)1 41 00 42 14
Sylvie MACHENAUD / Director External Communications
Tel: +33 (0)1 41 00 42 74
Emmanuel VOUIN / Press Relations Manager
Tel: +33 (0)1 41 00 44 04
Apolline CELEYRON / Press Relations Officer
Tel: +33 (0)1 41 00 40 97